Turnkey Single Family Residence Companies

Buying & Selling Real Estate
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Turnkey Single Family Residence Companies

Jake Benny
Member since 2024 · 23 posts · 15 votes

Hello everyone, 

I am looking to buy my first turnkey property, likely somewhere in the midwest. Instead of looking on Zillow, Redfin, ect.... Are there any turnkey companies/platforms that anyone has found useful to buy a single family rental property?  

-Jake

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Engelo RumoraBusiness Member
Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes
2y
Quote from @Jake Benny:

Hello everyone, 

I am looking to buy my first turnkey property, likely somewhere in the midwest. Instead of looking on Zillow, Redfin, ect.... Are there any turnkey companies/platforms that anyone has found useful to buy a single family rental property?  

-Jake



Hey mate,

These guys are the best IMO and have all stood the test of time:

REI Nation
JWB 
Spartan Invest

There are others but don't know much about them.

I have stalked the above 3 for many moons 👍

Much success
Podcast Guest on Show #89
Oz Realty4.5367 Reviews
WebsiteView Page
3Reply
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  • Kerlous TadresBusiness Member
    Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
    2y
    Quote from @Jake Benny:

    Hello everyone, 

    I am looking to buy my first turnkey property, likely somewhere in the midwest. Instead of looking on Zillow, Redfin, ect.... Are there any turnkey companies/platforms that anyone has found useful to buy a single family rental property?  

    -Jake


    I would have someone set you up with a personalized MLS search for whatever city you are looking in

    [email protected]614-490-1163
    Kerlous Tadres | Reafco Real Estate540 Reviews
    WebsiteView Page
    0Reply
  • Engelo RumoraBusiness Member
    Investor · Toledo, OH · Member since 2013 · 4k+ posts · 2k+ votes
    2y
    Quote from @Jake Benny:

    Hello everyone, 

    I am looking to buy my first turnkey property, likely somewhere in the midwest. Instead of looking on Zillow, Redfin, ect.... Are there any turnkey companies/platforms that anyone has found useful to buy a single family rental property?  

    -Jake



    Hey mate,

    These guys are the best IMO and have all stood the test of time:

    REI Nation
    JWB 
    Spartan Invest

    There are others but don't know much about them.

    I have stalked the above 3 for many moons 👍

    Much success
    Podcast Guest on Show #89
    Oz Realty4.5367 Reviews
    WebsiteView Page
    3Reply
  • Chris ClothierBusiness Member
    Rental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
    2y
    Quote from @Engelo Rumora:
    Quote from @Jake Benny:

    Hello everyone, 

    I am looking to buy my first turnkey property, likely somewhere in the midwest. Instead of looking on Zillow, Redfin, ect.... Are there any turnkey companies/platforms that anyone has found useful to buy a single family rental property?  

    -Jake



    Hey mate,

    These guys are the best IMO and have all stood the test of time:

    REI Nation
    JWB 
    Spartan Invest

    There are others but don't know much about them.

    I have stalked the above 3 for many moons 👍

    Much success
    Engelo,

    appreciate the mention and you stated three very good companies.  You overlooked your own company in Ohio!

    Jake,

    this list of 4 companies are a great starting point.  You should schedule a call with all 4 and learn what they specialize in, the markets and how they operate.  I am confident that one or two will stand out in meeting your particular needs or will feel very comfortable to you. From there, continue your conversations and don’t let procrastination slow you down.  Don’t be in a hurry either!  Let the conversations you have build your confidence and when you are ready, begin building your portfolio.   I need to rush, but definitely take the steps to learn for yourself what matters most to you and who makes you feel the most comfortable.  

    Best of luck as you get started.

    Chris
    Podcast Guest on Show #224
    REI Nation4.576 Reviews
    WebsiteView Page
    2Reply
  • Jake Benny
    OP
    Member since 2024 · 23 posts · 15 votes
    2y
    Quote from @Chris Clothier:
    Quote from @Engelo Rumora:
    Quote from @Jake Benny:

    Hello everyone, 

    I am looking to buy my first turnkey property, likely somewhere in the midwest. Instead of looking on Zillow, Redfin, ect.... Are there any turnkey companies/platforms that anyone has found useful to buy a single family rental property?  

    -Jake



    Hey mate,

    These guys are the best IMO and have all stood the test of time:

    REI Nation
    JWB 
    Spartan Invest

    There are others but don't know much about them.

    I have stalked the above 3 for many moons 👍

    Much success
    Engelo,

    appreciate the mention and you stated three very good companies.  You overlooked your own company in Ohio!

    Jake,

    this list of 4 companies are a great starting point.  You should schedule a call with all 4 and learn what they specialize in, the markets and how they operate.  I am confident that one or two will stand out in meeting your particular needs or will feel very comfortable to you. From there, continue your conversations and don’t let procrastination slow you down.  Don’t be in a hurry either!  Let the conversations you have build your confidence and when you are ready, begin building your portfolio.   I need to rush, but definitely take the steps to learn for yourself what matters most to you and who makes you feel the most comfortable.  

    Best of luck as you get started.

    Chris

     Chris, 

    Thank you for the advice. This will be my first rental property, so I appreciate the kind words! 

    1Reply
  • Jake Benny
    OP
    Member since 2024 · 23 posts · 15 votes
    2y
    Quote from @Engelo Rumora:
    Quote from @Jake Benny:

    Hello everyone, 

    I am looking to buy my first turnkey property, likely somewhere in the midwest. Instead of looking on Zillow, Redfin, ect.... Are there any turnkey companies/platforms that anyone has found useful to buy a single family rental property?  

    -Jake



    Hey mate,

    These guys are the best IMO and have all stood the test of time:

    REI Nation
    JWB 
    Spartan Invest

    There are others but don't know much about them.

    I have stalked the above 3 for many moons 👍

    Much success

     Dear Engelo, 

    Perfect. Thank you for the great suggestions! 

    1Reply
  • Lindsay DavisBusiness Member
    Real Estate Broker · Birmingham, AL · Member since 2019 · 322 posts · 200 votes
    2y

    Appreciate the mention, @Engelo Rumora!

    @Jake Benny, like @Chris Clothier said, these names are a good starting point. Do some digging yourself and have conversations with several companies to see which one’s the best fit for you. Some pointers:

    1. Fee structures vary. Turnkey providers typically charge a percentage of gross rents plus a markup on maintenance calls. Be sure to ask about this.
    2. Most turnkey providers specialize in one or more geographic areas and property/neighborhood types. Make sure their speciality aligns with what you’re after.
    3. Ask about their track record. Good turnkey providers should be able to minimize vacancy periods and reduce turnover costs. Ask for data on these items.
    4. Turnkey providers sell you a property out of their inventory—inquire about the guarantees or warranties that are offered. In what ways is the turnkey provider (in its capacity as a renovator or builder) accountable to you? Is this in conflict with the turnkey provider’s role as a property manager?
    5. Ask about what’s included—and what’s not. For example, will your turnkey provider help you get your rental approved for Section 8? Are evictions covered? How much does each service cost?

    Best of luck—it’s exciting to get started!

    205-205-4118
    Spartan Invest4.8134 Reviews
    WebsiteView Page
    1Reply
  • Najma Osman
    Real Estate Agent · Columbus, OH · Member since 2023 · 161 posts · 217 votes
    2y

    Hi @Jake Benny, 

    I've had many clients come to me with horror stories from working with turnkey provider services. While these companies can offer convenience, it's crucial to vet them thoroughly to avoid any unpleasant surprises like excessive fees. Try connecting with an investor-friendly realtor who can find you rent-ready deals (on and off-market) and provide accurate market rents for the deals you're looking at. Best of luck with your first property!

    0Reply
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